Monday, July 18, 2011

Semiconductors Break June Swing Lows

More to come later, but the trouble for the Nasdaq and Nasdaq 100 is the loss of June swing lows as support for the Semiconductor index. It could still make it back by the close, but it will need a late day rally to save the day. Will buyers step in here?

Semiconductor Index - Philadelphia ($SOX)

via StockCharts.com

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Zignals Trading Strategy Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies to suit your individual requirements.

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